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U.S. Military Footprint Growing in the Middle East
Two months after the inauguration of President Trump, indications are mounting that the United States military is deepening its involvement in a string of complex conflicts in the Middle East – including in Yemen – that lack clear endgames, the New York Times reports in a detailed look at U.S. escalation in regional conflicts. According […]
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At Annual Arab Summit, King Salman Stresses Solidarity, Signs Deals with Jordan
Saudi Arabia’s King Salman is in Jordan this week for the annual Arab Summit, a meeting between Arab states on Wednesday to “achieve cooperation and solidarity” toward shared regional challenges. King Salman arrived early to meet directly with his Jordanian counterpart, King Abdullah II, and announce several agreements to boost cooperation and bilateral ties, including an […]
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Reports: Trump Administration Bans Laptops In-Flight for Saudi-US Flights
Lengthy flights from Saudi Arabia to the United States will now seem longer as the Trump Administration bans non-American carriers from allowing passengers to carry laptops in-flight. New TSA rules on flights originating from Riyadh and Jeddah state that laptops must be kept in checked baggage. The new rule “had been under consideration since the […]
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Seven Important Takeaways from Saudi Deputy Crown Prince Mohammed bin Salman’s Lunch Meeting with President Trump
A “senior advisor to Deputy Crown Prince Mohammed bin Salman” released an enthusiastic statement following yesterday’s meeting between the Prince and President Trump, calling the meeting a “huge success.” Observers of the U.S.-Saudi relationship will read the full text of the statement closely. It provides some insight into the thinking of Saudi leaders on the […]
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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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Saudi Arabia Makes Diplomatic Push to Warm Ties with Iraq
Saudi Arabia’s Foreign Minister Adel Al-Jubeir made a surprise trip to Iraq on Saturday, the first trip there by a Saudi foreign minister since 1990. While in Baghdad, Al-Jubeir met with Iraqi Prime Minister Haider Al-Abadi and his counterpart, Ibrahim Al-Jaafari. Al-Jubeir said that Saudi Arabia plans to appoint a new ambassador and resume direct flights […]
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Petrochemicals Sector in Saudi Arabia Remains Vital for Vision 2030 Aims
The Petrochemicals sector in Saudi Arabia makes up 60% of the Kingdom’s non-oil exports and remains vital to the Kingdom’s Vision 2030 aims, according to a recent study on the sector released by Jadwa Investment. The sector’s prominence in the non-oil economy means it has been identified by both the National Transformation Program (NTP) 2020 and […]
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“Ken of Arabia” Lands Moelis and Co. as Lead Advisor for Saudi Aramco IPO
Saudi Aramco has chosen New York-based boutique investment bank Moelis & Co as an adviser on its plans for what is expected to be the world’s biggest initial public share offer, Reuters reports. Moelis & Co secured the role of lead independent adviser. The selection is set to move the small newcomer, and its CEO, […]
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Saudi companies to make parts for Lockheed’s THAAD defense system
U.S. weapons maker Lockheed Martin (NYSE:LMT) has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company said on Monday. These sub-contracts will enhance manufacturing capabilities in Saudi Arabia and transfer expertise to strengthen the country’s defence industry, Lockheed said in a statement. State-owned Saudi Arabian Military Industries (SAMI) signed 11 agreements at the Saudi defence show in Riyadh, according to the country's state news agency. The contracts come at time of rising tension in the region as some shipping companies suspended transit along the busy Red Sea route to avoid being attacked by Yemen's Iranian-backed Houthi group.
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Saudi Air Defenses Down Six Houthi Ballistic Missiles In 48 Sec
A Saudi Patriot battery shot down six Houthi ballistic missiles in 48 sec. in a dramatic illustration of the rapid advancements the country's armed forces have made. The Royal Saudi Air Force (RSAF) 290th Patriot unit was protecting the city of Jazan near the Yemeni border on Aug. 26, 2019, when Houthis fired a swarm of ballistic missiles that threatened civilian areas. In an engagement which has now become legendary within the service, according to officials, battery commanders launched an undisclosed number of Patriots to intercept the incoming missiles, with one missile being launched every six seconds.
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Saudi Arabia pushes for US defense pact as 2024 presidential election looms
Saudi Arabia may be willing to accept a non-binding commitment from Israel to create a Palestinian state in its push to get a defense pact with the United States ahead of the 2024 presidential election. Saudi Arabia had been heading toward normalizing relations with Israel and recognizing the country for the first time thanks to U.S.-led diplomacy. But those efforts were shelved in October after Hamas’ Oct. 7 attacks on Israel, and Israel’s subsequent counter-offensive that enraged the Arab world.
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Airbus in Talks With Saudi Arabia for Air Tanker Order
Airbus SE said it’s in talks to sell Saudi Arabia more A330 tanker military planes as the nation looks to boost its air force capabilities. The country is also considering purchasing the A400M military transport aircraft, according to Jean-Brice Dumont, head of Air Power at Airbus. “We know there is an interest in the A400M, and we will address it with the Saudi Air Force and the Ministry of Defense,” Dumont said in an interview on the sidelines of the World Defense Show that is taking place in Riyadh.
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South Korea, Saudi Arabia sign agreement on defense cooperation
South Korea and Saudi Arabia on Sunday signed a memorandum of understanding to expand defence cooperation, Seoul's Defense Acquisition Program Administration (DAPA) said, as Seoul looks to ink further arms sales in the region. The agreement will see the two establish a joint committee to form a working group for weapons systems research and development as well as production to continue cooperation in defence, DAPA said in a press release on Monday.
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Ronaldo-less Al Nassr beats Messi’s Inter Miami 6-0 in Saudi Arabia
Lionel Messi came on as an 83rd-minute substitute but could do nothing to stop Inter Miami suffering a 6-0 drubbing by an Al Nassr team without Cristiano Ronaldo in Riyadh on Thursday. The match, billed as possibly the last chance for the multiple Ballon D’Or winners to face each other on the pitch, was part of a friendly tournament also involving Brazilian Neymar’s Al Hilal, the Saudi Pro League leaders.
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Watch: Saudi Arabia’s Cool Crew Give You a Glimpse of Hai Vogue in Al Balad
It’s almost time for Hai Vogue, where Vogue Arabia will take over Jeddah’s picturesque UNESCO heritage site — Al Balad — for a two-day block party. And the best part? It’s open to the public, so get ready to celebrate the best food, culture, fashion, and celebrities the region has to offer. As we gear up for the one-of-a-kind event, a selection of Saudi Arabia’s coolest names — from actor Sarah Taibah and designer duo Alia and Abeer Oraif, to Olympic rower Husein Alireza and beyond — take you on a tour through Hai Vogue‘s venue.
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McKinsey and BCG accused of withholding information on ties with Saudi Arabia
Four consulting firms, including McKinsey and BCG, have been accused of failing to comply with a US congressional subpoena of documents related to their work with Saudi Arabia’s sovereign wealth fund. The chief executives of the firms, which also include Teneo and the deal advisory business led by Michael Klein, have been summoned to explain themselves at a Senate committee hearing next week, as lawmakers step up a probe into Saudi Arabia’s use of “soft power” in the US. The inquiry began as a result of an agreement by the Saudi Public Investment Fund to take a stake in golf’s US-based PGA Tour, but has grown into a broader examination of the PIF’s investments in the US.
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Saudi project win caps record year
US-based project management firm Hill International ended 2023 on a high with a major contract win in Saudi Arabia. In a joint venture with Italy’s Italferr and Spain’s Sener, the firm was awarded the contract to provide project management services for the Saudi Landbridge. The estimated $7bn railway project will connect the east and west coasts of the kingdom and is one of the region’s largest infrastructure schemes. For Hill International’s CEO Raouf Ghali (pictured), the award confirms Saudi Arabia’s position as one of the world’s most important and exciting construction markets.
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Saudi’s PIF sets up new company to manufacture robotic systems and heavy machinery
Alat will focus on manufacturing products for domestic and international markets within seven business units, the PIF said in a statement on Thursday. These include advanced industries and semiconductors, as well as smart appliances, health, devices and buildings, as well as next generation infrastructure. It will manufacture more than 30 product categories including robotic systems, communication systems, advanced computers and digital entertainment products, as well as advanced heavy machinery used in construction, building and mining. The company, chaired by Saudi Crown Prince Mohammed bin Salman, aims to create 39,000 direct jobs in Saudi Arabia and achieve a direct non-oil gross domestic product contribution of $9.3 billion by 2030.
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